Blockchain-enabled B2B payments company Paystand has acquired the cross-border stablecoin payments network Bitwage.
The acquisition positions Paystand to enhance its capabilities in enterprise-grade stablecoin settlement and foreign exchange across its network, which has processed over $20 billion in payment volume for more than 1,000 enterprises and over a million businesses globally.
This development comes at a time when stablecoin companies are gaining traction as mainstream financial infrastructure, aided by emerging regulatory clarity regarding digital currency acceptance. As a result, stablecoins have surpassed a market cap of $300 billion, with policymakers anticipating a potential scale of trillions of dollars later this decade.
“Stablecoins have transitioned from crypto curiosity to regulated money movement,” stated Jeremy Almond, CEO of Paystand. “What has been missing is an enterprise-scale network to leverage them for real-world applications like supplier payments, trade, logistics, energy, and manufacturing. The combination of Paystand and Bitwage connects stablecoin infrastructure to the $100 trillion B2B economy, delivering the faster settlement, lower costs, and programmable treasury that CFOs require, all without adding bank fees or complexity.”
Founded in 2013, Bitwage supports over 90,000 recipients and 4,500 businesses in nearly 200 countries. The firm offers an API-first payout engine for stablecoins, including USDC, USDT, BTC, ETH, and local currencies.
Paystand plans to begin integrating Bitwage immediately for select enterprise customers, with a broader rollout planned by corridor and currency. The company aims to enable fiat interoperability and provide treasury controls to align with corporate risk policies, according to Almond.
Terms of the transaction were not disclosed.